uk life insurance - independent advice on uk life insurance, free online uk life insurance quote, life insurance calculator, how does uk life insurance work - Money Minder Financial Services...

What would you like to know about life insurance?

How does Life Insurance work?
Most Life Insurance plans are designed to pay a lump sum of money, tax free, should the insured's death occur within the specified term of the plan.

The cheapest form of life insurance is "Term Assurance"

As there is no investment element, all of the premium can be used to provide the life insurance benefit allowing quite high levels of cover to be achieved from relatively low premiums.

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What options are available?
A "Term Assurance" plan normally provides either level cover, i.e. the same amount of money will be paid whenever a claim is made during the term, or decreasing cover, i.e. to protect a capital repayment mortgage where the lump sum needed gradually decreases over the term of the life insurance policy.

Waiver Of Premium

These plans can also include a waiver of premium benefit so that the company will in effect waive premiums after a specific period (normally 6 months) if you were unable to pay due to an accident or long term illness.

Critical Illness Cover

Many life assurance plans can also include critical illness cover to provide the lump sum on diagnosis of a critical illness if this should occur earlier than death

Life assurance plans can be written on both a single life or joint life basis (Please note that joint life plans normally end on the death of the first life so they will generally only pay out once).

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To calculate how much life insurance you need click here

How much will it cost?
The cost of this type of life insurance plans will vary according to age, sex, sum assured and the term of the policy. For an idea of what it may cost you; Males click HERE Females click HERE.

You can also get an INSTANT ONLINE QUOTE by clicking the link below.

Request a FREE Life Insurance Quote

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Am I paying to Much?
Over the past few years, life insurance premiums have reduced significantly.

If you have an existing life insurance, mortgage protection, critical illness or income protection plan in force, use our FREE quote service, to establish if you can save money on your current policies. After all, why pay more than you need to! For more Information click HERE